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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Comment by bepatient1on Jul 31, 2015 2:48pm
174 Views
Post# 23980993

RE:Buy out!

RE:Buy out!I agree 100%.  Any one that thinks a buyout will happen now does not know this management team.  They haven't even been able to quantify the reserves at Ante Creek because it is so prolific. This allows the talking heads to say that they don't have the reserves. (There is a difference between low reserves and not being able to calculate them due the the prolific nature of the play) They have one of the lowest costs per barrel in Alberta, and their debt is minimal.  None of the management team needs the money.  The CFO said on BNN that they won't be quick to sell this company because reserves like this don't come along very often. (paraphrase).  When oil comes back and they are firing on all cylinders the sp will be well north of $10.
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